Regulation 4 of the regulations (i.e. IRDA (licensing of Insurance Agents) /Regulations, 2000) requires that a person desiring to obtain or renew a license to act as an insurance agent or a composite insurance agent shall possess the minimum qualification of a pass in 12th standard or equivalent examination conducted …

Who can become a insurance agent?

1. An Insurance Agent/POS should have bachelor’s degree (graduate). However, someone who has passed out of school but has significant talent and experience in sales may also be able to become an agent. Hence, being 10th pass is the minimum requirement for becoming an insurance agent.

What do I need to get an insurance license?

You need to complete prelicensing education for your line of authority, which is determined by each state. The number of hours you’ll have to complete and the cost also varies by state. You need to pass the state insurance licensing exam for your line or lines of authority. A prelicensing exam preparation package can help.

Where can I get a life insurance license?

If you have questions about the background checks or any other detailed license questions, you can find your state’s Department of Insurance contact information on your state’s license page. If you are working to become a life insurance agent or financial advisor, you will need licensing over and above your state’s insurance license.

How much does it cost to get an insurance license?

Each state has its own license application process. These applications can generally be filled out online and have a fee ranging from $30 to $200. Some states require this before your exam, and some after, so be sure to check your individual state’s steps. All states will run some form of a background check while reviewing your application.

Do you have to be licensed to be an auto insurance agent?

Almost every state requires auto insurance agents to be licensed before becoming an auto insurance agent and doing business. Some states also require a business degree before you can even take the test to become an auto insurance agent.